Preston Image Tech Private Limited
About Preston Image Tech Private Limited
Data last updated:
Preston Image Tech Private Limited was a private limited company based in Bengaluru, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 27 November 2007.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U25208KA2007PTC044493. The company has 3 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹2.3 Cr and a paid-up capital of ₹2.3 Cr. It was led by directors Dayakar Jayaram Bangara (Managing Director) and Michael Baron Oliver.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at No.249 4th Cross 1st Block Koramangala, Bengaluru, Karnataka, India – 560034.
As per the financials filed for FY 2016, the company reported a revenue of ₹31.5 Lakh, a decline of 69% compared to the previous year. For the same year it recorded a net loss of ₹47.95 Lakh (net margin -152.2%) and EBITDA of -₹47.37 Lakh (EBITDA margin -150.4%). Revenue has declined at a compounded annual rate (CAGR) of 57% over three years.
As per MCA filings, the company had satisfied charges of ₹50 Lakh on record.
Company details
Contact details
Preston Image Tech Private Limited's registered office is in Bengaluru, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.249 4th Cross 1st Block Koramangala, Bengaluru, Karnataka, India – 560034
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Preston Image Tech Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Preston Image Tech Private Limited
FY 2021 filings availablePreston Image Tech Private Limited reported revenue of ₹31.5 Lakh (down 69% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 57% over three years, including a 69% fall in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹31.5 Lakh | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹47.37 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹47.95 Lakh | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
| Total Liabilities | ||
| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -150.4% | |
| Net Profit Margin | -152.2% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
| Debt-to-Equity Ratio | ||
| Interest Coverage Ratio | ||
| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
| Payable Days | ||
| Inventory Days | ||
| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of Preston Image Tech Private Limited, buy the company report.
Board of directors of Preston Image Tech Private Limited
Preston Image Tech has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Michael Baron Oliver | Nominee Director | 27 Nov 2007 | 18 Years 11 Months | As last reported |
| Dayakar Jayaram Bangara | Managing Director | 27 Nov 2007 | 18 Years 11 Months | As last reported |
Shareholding
The shareholding of Preston Image Tech Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Preston Image Tech Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jun 2012 | 10364466 | Central Bank of India | ₹50 Lakh | Satisfied |
To see the full charge records of Preston Image Tech Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Preston Image Tech Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Preston Image Tech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Preston Image Tech has 2 associated companies. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
GST
Preston Image Tech has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Preston Image Tech Private Limited, buy the company report.
Recent activity
Preston Image Tech Private Limited has 9 board changes on record since 2007: 2 appointments and 7 cessations. The latest: Brian Gerald Parnell ceased to be Nominee Director on 16 Mar 2020.
2 earlier events are in the company report.
Frequently asked questions
Preston Image Tech has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Preston Image Tech was a private limited company based in Bengaluru, Karnataka, India. The company worked in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 27 November 2007 and is registered under CIN U25208KA2007PTC044493. The company has been struck off by the Registrar of Companies and is no longer operational.
Preston Image Tech had 2 directors:
- Dayakar Jayaram Bangara - Managing Director
- Michael Baron Oliver - Nominee Director
The CIN (Corporate Identification Number) of Preston Image Tech is U25208KA2007PTC044493. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Preston Image Tech is at No.249 4th Cross 1st Block Koramangala, Bengaluru, Karnataka, India – 560034.
Preston Image Tech was incorporated on 27 November 2007. It is registered with the Registrar of Companies, Bangalore.
The latest financial statements of Preston Image Tech on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
No. Preston Image Tech has 3 GST registrations on record and all of them are cancelled or inactive.
Preston Image Tech operated in the machinery and equipment industry, in the industrial machinery manufacturing segment. It worked in this industry before it was struck off.
Brian Gerald Parnell ceased to be Nominee Director on 16 Mar 2020. Lee Brian Parnell ceased to be Nominee Director on 16 Mar 2020. Margaret Devaraj ceased to be Nominee Director on 29 Mar 2019. Preston Image Tech has 9 board changes on record in total.
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